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Jan 2, 2013
01/13
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we still have some problems with the fiscal cliff as far as spending cuts and debt ceiling coupling up. >> all right, anthony, rich, kenny, gentlemen thank you and happy new year. tyler, back over to you. >> happy new year, everybody. facebook flying higher while linkedin down today. >> with j.p. morgan raising price target and the overrate rating on confidence and william blair outperforming as facebook exchange ads are rapidly adopted with the potential to triple pricing. facebook's biggest bear bmo's daniel salmon did a 180 doubling price target to $32 upgrading from underperform to outperform, thanks to better tools. but linkedin, equal weight on concerns about valuation. linkedin did outperform pierce as well as the market last year. we ceil if facebook takes that role in 2013. back over to you. >> thank you, julia. >>> now to the deficit ceiling, or the debt ceiling, not deficit ceiling. so do you cut or is it really just slowing the growth. that's a definition of cut in washington terms. >>> and investment versus salary. which faired better in the debt deal? the cliff deal. both
we still have some problems with the fiscal cliff as far as spending cuts and debt ceiling coupling up. >> all right, anthony, rich, kenny, gentlemen thank you and happy new year. tyler, back over to you. >> happy new year, everybody. facebook flying higher while linkedin down today. >> with j.p. morgan raising price target and the overrate rating on confidence and william blair outperforming as facebook exchange ads are rapidly adopted with the potential to triple pricing....
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Feb 26, 2013
02/13
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WUSA
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this was president obama's idea back when we were negotiating raising the debt ceiling. the across-the-board cuts that disproportionately affect the military. the republicans almost 300 days ago put forward our plan to replace these cuts with smarter reforms, smarter cuts. there's a better way to do it. what we need is for the president to get off the campaign trail, quit talking about raising taxes, and actually deliver on his promise to cut spending. we're talking $85 billion. >> congresswoman, you say the president's got to stop campaigning and start negotiating. but if you look at the latest polls, it appears it's working. the public is going to blame your party, republicans. >> well, these cuts were the president's idea. we are very concerned about the impact that they're going to have. we hope as we move forward that the president will come back to washington, d.c., sit down with the senate democrats, urge them to come up with a plan to show that there is a better way to implement these cuts. $85 billion out of a $4.2 trillion budget. it can be done. but there's a
this was president obama's idea back when we were negotiating raising the debt ceiling. the across-the-board cuts that disproportionately affect the military. the republicans almost 300 days ago put forward our plan to replace these cuts with smarter reforms, smarter cuts. there's a better way to do it. what we need is for the president to get off the campaign trail, quit talking about raising taxes, and actually deliver on his promise to cut spending. we're talking $85 billion. >>...
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Jan 24, 2013
01/13
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CNBC
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ceiling. by cutting back on capital investment, and not firing people. there was a lot of anecdotal evidence over that, that they were waiting this out. that maybe they thought this time around it was more bluff and bluster than reality that we'd hit the debt ceiling. and that seems to have paid off. people don't -- employers don't like to fire employees. not only because of, you know, being gentle human beings but because it's costly for them to do that. they tried to hold on. what we seemed to be seeing here right now is i held my exuberance last week because i thought it was a one-off seasonal adjustment thing and you do have to be careful in the month of january, as people come off the rolls because of the seasonal hiring. and there's still some reason for skepticism. but staying down at this level for a second week, joe, we've always said 350 was the bottom of the range, and we're putting in a new bottom down there this 330 that you've got to think about. probably payrolls up near 200,000
ceiling. by cutting back on capital investment, and not firing people. there was a lot of anecdotal evidence over that, that they were waiting this out. that maybe they thought this time around it was more bluff and bluster than reality that we'd hit the debt ceiling. and that seems to have paid off. people don't -- employers don't like to fire employees. not only because of, you know, being gentle human beings but because it's costly for them to do that. they tried to hold on. what we seemed...
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Mar 3, 2013
03/13
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CNNW
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what he left out is when they had the debt ceiling -- this is the result of failed debt ceiling cuts two years ago. republicans say let's reform this entitlement, that and others. the president rejected every entitlement reform the president put on the table. for now the president said we want to reform sbilentitlements. sure, let's do that. one thing they won't do is agree to any tax increases. >> it didn't sound like it, susan. just from a political point of view, seems a gamble for republicans only because public polling continues to show that the democrats and the president are the ones that get less blame anyway. >> there's clearly a miscalculation on the part of the white house. they figured that the defense cuts would be enough to force republicans back to the table, but not this republican party. that was the old republican party. this party cares more about spending than it does about keeping defense numbers up. therefore this option that seemed completely unacceptable, sounded like from your interview both sides ready to accept them. what we'll start to see is the sequester
what he left out is when they had the debt ceiling -- this is the result of failed debt ceiling cuts two years ago. republicans say let's reform this entitlement, that and others. the president rejected every entitlement reform the president put on the table. for now the president said we want to reform sbilentitlements. sure, let's do that. one thing they won't do is agree to any tax increases. >> it didn't sound like it, susan. just from a political point of view, seems a gamble for...
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Feb 25, 2013
02/13
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FOXNEWS
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we have been through these drills meantimes on government shutdowns and the debt ceiling and fiscal cliff. it's not a running down the hallway, blackberries exploding. it's an interesting dynamic. >> now the republican leaders who are going to respond to the pr pressure against them over the last week by the president. >> good afternoon, everyone. four days, we have four days until the president's sequester takes effect. if he, the senate democrats, do not come up with plan to replace these cuts with more -- with smarter cuts and reform. yet it seems that the president is more interested in doing his campaign style rallies rather than actually sitting down with the democrat controlled senate, coming up with a plan. tomorrow the president is traveling to newport, virginia, 180 miles from washington would you washington, d.c. to hold another rally instead of travel to go capitol hill to come up with a plan to replace cuts with smarter reform, smarter approaches. the republicans over the last ten months, the republicans have been working. we've passed two bills to replace these cuts. now we
we have been through these drills meantimes on government shutdowns and the debt ceiling and fiscal cliff. it's not a running down the hallway, blackberries exploding. it's an interesting dynamic. >> now the republican leaders who are going to respond to the pr pressure against them over the last week by the president. >> good afternoon, everyone. four days, we have four days until the president's sequester takes effect. if he, the senate democrats, do not come up with plan to...
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Mar 3, 2013
03/13
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CSPAN
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ceiling. i hope that congress can work together to address these issues to minimize uncertainty. the uncertainty itself is costly in terms of the private sector to land to take risk and to help grow the economy. >> that is important to our economic growth. it will have a major impact on housing. chairman bernanke, do you agree with a governor [indiscernible] what would you do to ensure to not hinder mortgage lending? >> mr. chairman, the qrm -- we have had to wait for it to be done before we could attack the process. the qm is intended to help consumers. it is meant to strengthen the security. responding to your question, the six agencies which are currently discussing the qrm consider the idea of making qrm identical to the qm. >> thank you for your answer. the ranking member and i sent you a letter on the attentional impacts of rules on insurance companies in community banks. i look forward to your response. chairman bernanke, there is an increased focus on security and the united states, in
ceiling. i hope that congress can work together to address these issues to minimize uncertainty. the uncertainty itself is costly in terms of the private sector to land to take risk and to help grow the economy. >> that is important to our economic growth. it will have a major impact on housing. chairman bernanke, do you agree with a governor [indiscernible] what would you do to ensure to not hinder mortgage lending? >> mr. chairman, the qrm -- we have had to wait for it to be done...
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Jan 2, 2013
01/13
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CNBC
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>> the deal is cut for sequestration only because tim geithner controls when the debt ceiling is hit. there's many different extraordinary measures he can take to ensure hitting the debt ceiling occurs after sequestration. debt ceiling negotiations are so dramatic and republicans really do have a much stronger hand in those discussions, because markets, as you well know, react more significantly to threats of the debt ceiling not being raised. >> while republicans went along with this deal or some republicans did, 85 in the house voted for this, will it be a different scenario not talking about taxes? this was a tough issue for them to vote against. >> it will be a fundamentally different scenario when we are talking about sequestration. the debate is about spending cuts. y you'll see over the next weeks and days republicans coming out and talking aggressively highlighting the extravagant spending in washington under the obama administration. two months from now, you'll hear nothing every single day, a real hammering on the administration on extraordinary spending, extravagant spendin
>> the deal is cut for sequestration only because tim geithner controls when the debt ceiling is hit. there's many different extraordinary measures he can take to ensure hitting the debt ceiling occurs after sequestration. debt ceiling negotiations are so dramatic and republicans really do have a much stronger hand in those discussions, because markets, as you well know, react more significantly to threats of the debt ceiling not being raised. >> while republicans went along with...
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Jan 20, 2013
01/13
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LINKTV
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but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran. >> it's hard to believe if we can't get a meaningful negotiation within the next two years that you will not have it read capable of producing a nuclear weapons. then, the u.s. has the choice in its negotiations -- will the solution be containment or is it going to be a preventive strike? >> as he takes the oath again, he will do it with the experience of that presidencies are often formed by crises that happened outside of their control. he will know all folksy brought here last i did not change washington. he will try something -- you have to try something new if you want to accomplish his ambitious agenda thi
but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran....
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Oct 9, 2013
10/13
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WUSA
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democrats must agree to spending cuts. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. >> reporter: the treasury department says it will run out of money to pay its bills on october 17. susan mcginnis, cbs news, washington. >>> the international monetary fund issued a warning to a u.s. default on its loans would push the country back into a recession and hurt the global economy. >>> the district has remained open throughout the shutdown but it can't afford to for much longer. mayor gray is demanding to meet with president barack obama and congressional leaders about the shutdown. the d.c. council approved legislation allowing the city to use emergency reserve funds to pay municipal employees but the mayor told wusa that it would only last for seven to ten days. >>> it's going to be kind of hard to end the shutdown with some of the lawmakers in jail. at least eight congressional democrats were arrested yesterday after an immigration sit-in
democrats must agree to spending cuts. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. >> reporter: the treasury department says it will run out of money to pay its bills on october 17. susan mcginnis, cbs news, washington. >>> the international monetary fund issued a warning to a u.s. default on its loans would push the country back into a recession and hurt the global economy....
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Feb 26, 2013
02/13
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FBC
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ceiling. again, i hope that congress could work together effectively to address these issues with a minimum of uncertainty because the uncertainty itself of course is also costly in terms of the ability of the private sector to plan to take risks and to help grow the economy. >> housing is important to our economic growth. and the fed is working on mortgage rules that will have a major impact on housing. chairman bernanke, do you agree with the governor that nothing prevents -- [inaudible] -- and what will you do to ensure new rules to not hinder mortgage lending? >> mr. chairman, as you know, the qrm is required to be no more broad than the qm, so we've had to wait for the qm to be done before we could attack the qrm process. although we have put out previous proposed rule makings. the qm of course is intended to help consumers. the qrm is meant to try to strengthen the securitization market, with somewhat different purposes. but i would say responding to your question, that the six agencies
ceiling. again, i hope that congress could work together effectively to address these issues with a minimum of uncertainty because the uncertainty itself of course is also costly in terms of the ability of the private sector to plan to take risks and to help grow the economy. >> housing is important to our economic growth. and the fed is working on mortgage rules that will have a major impact on housing. chairman bernanke, do you agree with the governor that nothing prevents --...
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Jan 3, 2013
01/13
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WUSA
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and automatic spending cuts. >> what just happened with the debt and deficit and taxes, that doesn't go away. >> this is the reason that i ran for congress, so while it's daunting this is what i'm ready for. i'm here to work. >> the first major vote will come friday when the house takes up part of the superstorm sandy relief package. also today the house voted to retain john boehner as speaker of the house. >>> critics call grover norquist the single biggest impediment to a budget deal. you might think he'd be lying low as some of his allies passed a $666 billion tax increase, but bruce leshan reports norquist is keeping anything but quiet. >> no. i'm disappointed that we weren't able to continue all of the 2001, 2003 tax cuts. >> reporter: grover norquist's days are filled with media interviews and he's putting his best spin on the first republican vote to raise taxes in 22 years. >> they were scheduled to go higher if congress hadn't acted. they were scheduled to go higher on everybody. >> reporter: 238 members of the house and 41 senators have signed norquist's pledge never to rai
and automatic spending cuts. >> what just happened with the debt and deficit and taxes, that doesn't go away. >> this is the reason that i ran for congress, so while it's daunting this is what i'm ready for. i'm here to work. >> the first major vote will come friday when the house takes up part of the superstorm sandy relief package. also today the house voted to retain john boehner as speaker of the house. >>> critics call grover norquist the single biggest...
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Jan 2, 2013
01/13
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KTVU
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ceiling and spending cuts begin tomorrow and will last for many more months to come. tom vacar, ktvu k4578 two news. >>> good evening to you. we are bracing for the big chill once again tonight. tonight's temperatures will be even colder than what we felt the last night. right now 39 degrees lirnd fairfield. the sunset just an hour ago. 43 in livermore, low 50s in san francisco. i want to take intiew the evening hours. by 11, mid-30s to near 40 degrees expected around the bay area and our inland areas as we get into tomorrow morning those pocket of white indicating 20s in the forecast. at 11:00 this evening, we are expecting a frost advisory for parts of the bay, a freeze warning for the north bay. and this is what i expect we will see tomorrow morning. in santa rosa upper 20s. petaluma 27 as well as fairfield. 32 in redwood city. 34 degrees in san jose. your advisories for tonight, the freeze warning is for the north bay valleys and hills below 1,000 feet. the frost advisory for the bay area, not san francisco, but bayside communities and the santa clara valley. when
ceiling and spending cuts begin tomorrow and will last for many more months to come. tom vacar, ktvu k4578 two news. >>> good evening to you. we are bracing for the big chill once again tonight. tonight's temperatures will be even colder than what we felt the last night. right now 39 degrees lirnd fairfield. the sunset just an hour ago. 43 in livermore, low 50s in san francisco. i want to take intiew the evening hours. by 11, mid-30s to near 40 degrees expected around the bay area and...
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Jan 15, 2013
01/13
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CURRENT
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the debt ceiling has nothing to do with budget cuts or anything going forward, it is paying bills that we have already racked up. >> that's so important. it's like getting your credit bill and saying, you know i'm protesting, i'm not going to pay it, because there are consequences, including your own personal credit rating will go down, and you'll get calls from checktors, and it will be pretty bad for you, worse of course for the federal government, and as the president pointed out social security veteran's benefits, they will all be delayed, might not be able to pay our troops or small business owners, or have food inspectors or air traffic controllers. this is really crazy. >> stephanie: you just gave me a good idea. it's true if we don't pay our personal debts we get bill collectors, if we second one to john boehner's office every day -- [ pounding. ] >> go away, i'm busy! [ glugging sound ] >> stephanie: apparently the white house has ruled out the 14th amendment and the trillion dollars coin. how is this going to play out of differently? >> the american people may on a poll say t
the debt ceiling has nothing to do with budget cuts or anything going forward, it is paying bills that we have already racked up. >> that's so important. it's like getting your credit bill and saying, you know i'm protesting, i'm not going to pay it, because there are consequences, including your own personal credit rating will go down, and you'll get calls from checktors, and it will be pretty bad for you, worse of course for the federal government, and as the president pointed out...
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Jan 31, 2013
01/13
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CNBC
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every dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting
every dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the...
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Jan 15, 2013
01/13
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CNBC
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however fitch does add it expects congress will ultimately approve a debt ceiling increase. also this morning the postal service plans to speed up cost-cutting and revenue boosting measures. not saying exactly what steps it's going to take although it does plan to reveal them at a later time. the service has been waiting for congressional legislation to put it on more sound financial footing. but lawmakers have been occupied with the fiscal cliff, the debt ceiling, and other pressing issues. and finally radio shack is ending its mobile phone partnership with target. the venture has been unprofitable and radio shack has been unable to negotiate more favorable terms. >>> as you know, the house is set to vote today on a $51 billion superstorm sandy package that has already turned in to a bitter battle over spending. joining us now is congressman frank pallone, who represents the sixth district of new jersey, one of the hardest-hit areas of the jersey shore during the late october storm. and congressman, thank you for being here. this was a late october storm. we are now in janu
however fitch does add it expects congress will ultimately approve a debt ceiling increase. also this morning the postal service plans to speed up cost-cutting and revenue boosting measures. not saying exactly what steps it's going to take although it does plan to reveal them at a later time. the service has been waiting for congressional legislation to put it on more sound financial footing. but lawmakers have been occupied with the fiscal cliff, the debt ceiling, and other pressing issues....
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Jan 6, 2013
01/13
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MSNBCW
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the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. president obama needs to take note and put forth a plan immediately. and pat tume voiced the same sentiment in week earlier on "morning joe." >> our opportunity is on the debt ceiling. the president made it very clear. he doesn't want to have a discussion about it, because he knows this is where we have lev range. we republicans need to tolerate a temporary partial government shutdown which is what it could mean and insist we
the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to...
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Jan 9, 2013
01/13
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CSPAN2
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, by reductions have to be considered separately from the debt ceiling and cuts too deep or aimed # at the wrong program, she says, "hurt the nation in crucial areas like education, technology, science, and energy." what's on the table for cuts? no social security, no medicare, the major drivers of benefits, but are the drivers of debt and deficit. what's on the table for spending cuts? >> guest: okay. there's a lot of questions there. >> host: right. >> guest: first of all, you know, the major drivers of the current deficits are two things. tax cuts for the wealthy and wars in iraq and afghanistan. this has been well documented by economists. let's not pretend like grandmother is responsible for the deficits. she's not. i promise you. yeah, you know, what would define a spending cut, again, cutting the amount of money that would pay for prescription drugs. getting the same drugs for $130 billion cheaper by untying medicare and medicaid's hands and lay low them to negotiation. that's a cut to save money, impacting the big guy, not the little guy. you know, if we sub subsidize ie name o
, by reductions have to be considered separately from the debt ceiling and cuts too deep or aimed # at the wrong program, she says, "hurt the nation in crucial areas like education, technology, science, and energy." what's on the table for cuts? no social security, no medicare, the major drivers of benefits, but are the drivers of debt and deficit. what's on the table for spending cuts? >> guest: okay. there's a lot of questions there. >> host: right. >> guest: first...
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Jan 15, 2013
01/13
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FOXNEWSW
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>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered because of super storm sandy? certai
>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the...
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101
Oct 8, 2013
10/13
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ALJAZAM
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without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer the debt ceiling is not lifted. >> i would be suburb price subut the lifting of the debt ceiling the government will be forced to cut back on social security and just cutting back on the scogs l security would have an effect of the governmenspending. and create a recession. why are people saying a default could be worse than the financial crisis of 2008? >> that would bring in question the trillions of dollars of outstanding treasury debt. it's very important if we are going to have an adequate supply of credit to the sector. if the u.s. treasury defawtl den their debt. terrotreasury bonds would fail. that would automatically imply that mortgage yields would jump higher by several percentage points. it would be very difficult to get a mortgage or a loan and it would resemble the collapse of lehman brothers. >> john thank you. the
without the lifting of the debt ceiling the government has to begin to cut spending as this prproceeds the cuts will be more difficult for society. >> raising the debt limit is not that big of a deal, is it or isn't it? >> it becomes a very big deal the longer the debt ceiling is not lifted. >> i would be suburb price subut the lifting of the debt ceiling the government will be forced to cut back on social security and just cutting back on the scogs l security would have an...
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98
Feb 28, 2013
02/13
by
FBC
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eye 98
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the purpose was to guarantee for any increase in the debt ceiling, there's dollar for dollar cuts of some type. i spoke to the president monday in washington, d.c., and there's any number of better ways to do that, and -- >> dollar for dollar? >> i think, llok, $16 trillion and more of national debt, it's important that washington, d.c. take steps to put the fiscal house in order. like we did here in indiana, if i say, you know, one of the reasons why you see an investment is going to create more than 1200 jobs here because indiana has our fiscal house in order. we lived within our means, lowering taxes, promoting economic growth. >> trying to lower taxes more. >> we are. i think we have such a strong balance sheet in the state that we have an opportunity to invest in roads and schools and still lower the personal income tax rate by 10%. we're working hard to bring that about. >> i got to ask about medicaid expansion, holding the line, governor christie and governor scott in florida will go ahead and take the federal dollars. you and governor walker in wisconsin and governor perry in
the purpose was to guarantee for any increase in the debt ceiling, there's dollar for dollar cuts of some type. i spoke to the president monday in washington, d.c., and there's any number of better ways to do that, and -- >> dollar for dollar? >> i think, llok, $16 trillion and more of national debt, it's important that washington, d.c. take steps to put the fiscal house in order. like we did here in indiana, if i say, you know, one of the reasons why you see an investment is going...
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Oct 17, 2013
10/13
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ALJAZAM
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eye 81
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ceiling. republicans could have really come out gaining a lot more public approving and coming out sort of looking like victor fist they had gone in to this with a different messaging, not the ted cruz message but the mitch mcconnell message of going in to debates over the federal budget with some wins under our belt, with some budget cuts in hands that we'll fight to keep. they didn't choose that strategy. and so now they are trying to revive that message as they head in to the next rounds, we are watching the house vote right now. we are looking for the key vote of two stef teen. 217. that's what it takes to get pass your honor tonight. so far no democrats have voted neigh. nay. >> you go a sense of how many republican votes are nay on this? >> reporter: i am seeing so far 25 republicans have voted for it. 37 rah voted na request: iy i l see splits here. i will not do a whip count on live tv. i don't want to get it wrong. but i can tell you we are going to see dozens of republicans vote agai
ceiling. republicans could have really come out gaining a lot more public approving and coming out sort of looking like victor fist they had gone in to this with a different messaging, not the ted cruz message but the mitch mcconnell message of going in to debates over the federal budget with some wins under our belt, with some budget cuts in hands that we'll fight to keep. they didn't choose that strategy. and so now they are trying to revive that message as they head in to the next rounds, we...
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343
Jan 4, 2013
01/13
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CNBC
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the debt ceiling is also huge and the president wants an automatic credit card. he's not going to get it from the congress. >> thank you, sir. >> thanks. arthur brooks is coming up right after the break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-800-836-8799. >>> the countdown to the jobs report. we are talking to leading experts on what this crucial indicator mean
the debt ceiling is also huge and the president wants an automatic credit card. he's not going to get it from the congress. >> thank you, sir. >> thanks. arthur brooks is coming up right after the break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even...
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1.4K
Sep 26, 2013
09/13
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FOXNEWSW
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treasury warning congress that it had until october 17th to raise the debt ceiling before running out of cash. the postal service is also running short on cash. they want more of your cash. it is calling for a $0.03 hike on first class stamps bringing them to $0.49 effective january 25th. other services that could cost more each extra ounce of first class mail will cost a penny more $0.21. post carted $0.24. mailing a letter out of the country would jump $0.05 to $1.15. it would general a billion a year for the postal service. twitter and the nfl would team up the partnership they will have game highlights and other videos. in twitter feeds, too. nfl and twitter will make money. this is great for twitter ahead of the planned ipo. back to you. >> it is a second screen experience. twitter and tv all together. >> thank you so much, lauren. >> tragedy hitting the nfl. paul oliver is dead. police say the 29-year-old waudz found in his house in the atlanta area with a self-inflicted gun shot wound. oliver played four seasons for the chargers and was last on the field in 2011. he leaves behi
treasury warning congress that it had until october 17th to raise the debt ceiling before running out of cash. the postal service is also running short on cash. they want more of your cash. it is calling for a $0.03 hike on first class stamps bringing them to $0.49 effective january 25th. other services that could cost more each extra ounce of first class mail will cost a penny more $0.21. post carted $0.24. mailing a letter out of the country would jump $0.05 to $1.15. it would general a...
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Jan 12, 2013
01/13
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because the debt ceiling represents spending that is already appropriated by congress. republicans say they want to trade it dollar for dollar, every spending cut has to be measured by the increase in the debt ceiling, but there is already some weakening republican ranks about whether they will go through. forcing a dae fault on the debt would be catastrophic to the country. it's very hard to hold that up as a hostage. >> we look at march 1st as a drop dead deadline. but you write that the government will be unable to pay its bills sometime between february 15th and march 1st. what does changing the timetable do to things? >> we don't know an exact date. that date from the bipartisan policy center, basically measuring the cash flow to the government. we're in an uncertain season, where we had the big fight over the fiscal cliff and tax revenue coming in, and there are tax refunds sent out, it creates a balance of how much money the treasury can keep going and the government coffers and not precisely clear when that will basically run out we hit the debt limit on decembe
because the debt ceiling represents spending that is already appropriated by congress. republicans say they want to trade it dollar for dollar, every spending cut has to be measured by the increase in the debt ceiling, but there is already some weakening republican ranks about whether they will go through. forcing a dae fault on the debt would be catastrophic to the country. it's very hard to hold that up as a hostage. >> we look at march 1st as a drop dead deadline. but you write that...
WHUT (Howard University Television)
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71
Jan 4, 2013
01/13
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WHUT
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the new congress faces another looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long
the new congress faces another looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right....
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Feb 20, 2013
02/13
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MSNBCW
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the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say what the sequester is, i would be surprised if it was a high number. so all this blame gaming is theater. but the problem is people don't know what exactly is being played. who wins, who loses. all they know is there's some kind of grade lock. this big bad thing is going to happen and it hurts them. >> we're getting word from the pentagon and they're putting out the threat of furloughs. leon panetta's still secretary of defense until they decide whether or not to confirm chuck hagel. charleston, military town, very much supported by the military. this could be wher
the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say...
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Mar 2, 2013
03/13
by
LINKTV
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ceiling. >> it is likely it will take weeks and possibly months before the true impact of the cuts is felt. in the meantime, another fiscal crisis looms, and if the nation cannot come to agreement on that, as possible the government will shut down. >> minnesota is feared dead after being swallowed by a sinkhole that opened up under his home late on thursday near tampa. police say the land underneath the house is a network of cabins full of water. family members told emergency crews they heard a loud crash and scream. >> i ran in and jump in the hole. i was screaming his name. i could swear i heard him calling my name. >> i've been told by outside experts that the site is extremely unstable. this is not your typical sinkhole. this is a cabin. this covers a great distance. we still have not been able to find the boundary of the underground cavern. >> it has been revealed venezuela's president has been receiving chemotherapy as part of his cancer treatment. despite battling for his life, the leader's reported to be in good spirits. these comments were made after a church service after ac
ceiling. >> it is likely it will take weeks and possibly months before the true impact of the cuts is felt. in the meantime, another fiscal crisis looms, and if the nation cannot come to agreement on that, as possible the government will shut down. >> minnesota is feared dead after being swallowed by a sinkhole that opened up under his home late on thursday near tampa. police say the land underneath the house is a network of cabins full of water. family members told emergency crews...
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113
Oct 16, 2013
10/13
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CNBC
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fitch cited the political brinkmanship over raising the debt ceiling. now, this morning, u.s. futures despite the falls yesterday -- well, we saw the down do down, , 130 points. u.s. futures are pointing up. we're currently about 58 points above fair value for the dow. the nasdaq is around 7 points above fair value and the s&p 500 is 7 points above fair value. we're not quite at the highs we've been for features futures during "worldwide exchange." and european equities have been slightly more mixed. they are down over 0.5% for the ftse, just over 0.1% for the xetra dak. cac 40 down 0.7.5%. the ftse mib is up 0.5%. as far as treasuries are concerned, 2.72% is the yield on the treasury. gilt yields are higher this morning. we saw employment data in the uk coming in better than expected, although the unemployment rate did not necessarily decline. so it is a good day to be all about events in washington, d.c. so we've been asking is china seizing on the u.s. crisis and to talk about needing less reliance on the dollar as the reserve currency. could you imagine a world where the u
fitch cited the political brinkmanship over raising the debt ceiling. now, this morning, u.s. futures despite the falls yesterday -- well, we saw the down do down, , 130 points. u.s. futures are pointing up. we're currently about 58 points above fair value for the dow. the nasdaq is around 7 points above fair value and the s&p 500 is 7 points above fair value. we're not quite at the highs we've been for features futures during "worldwide exchange." and european equities have been...
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Jan 5, 2013
01/13
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MSNBCW
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the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending along with the debt limit hike. and then citing a poll conducted by republican david winston, boehner said, 72% of americans agree any increase in the nation's debt limit must be accompanied by spending cuts and reforms of a greater amount. the debate is already under way. number two, texas senator john cornyn took that fighting spirit even further threatening a partial government shutdown. he said in an op-ed, the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than plod along the path of greece, italy, and spain. president obama needs to take note of this reality and put forward a plan to avoid it immediately. finally, pennsylvania republican senator pat toomey voiced the same sentiment earlier this week on "morning joe." >> our opportunity here is on th
the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending along with the debt limit hike. and then citing a poll conducted by republican david winston, boehner said, 72% of americans agree any increase in the nation's debt limit must be accompanied by spending cuts and reforms of a greater amount. the debate is already under way. number two, texas senator john cornyn took that fighting spirit even further threatening a partial...
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Jan 7, 2013
01/13
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KTVU
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this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not pay my bills unless you stop buying stuff, well stop buying stuff so you don't have future bills, but right now we have to pay the bills that have been incurred. don't tie it to the debt ceiling. >> reporter: a big part of balancing this budget is in fact, getting people back to work? >> that balances us twice and that another is big piece of it. >> reporter: president obama says he will not neglect can congress on whether they should pay their bills. some republicans are questioning his fiscal leadership. >> what is really disappointing to me is that the
this time, over raising the debt ceiling. if an agreement is not reached by late february or early march the united states risks defaulting on its financial obligations and the altru will be on how much congress will agree to cut spending. >> the bottom line is that we can't continue down the path we're on to borrow money to pay our own debt. we have have to have serious spending cuts. >> reporter: key democrats say they are not related. >> people are going to say i will not...
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Sep 30, 2013
09/13
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CNBC
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in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report said that companies that derive 20% of their revenues from the government. lockheed martin gets 97% of its sales from government contracts. you don't think about your neighborhood garbage plan. the u.s. farms out a lot of its back office support work to the private sector. among the biggest i.t. and equipment providers, cisco systems, generates 22% of its sales from washington. centene is top on the list relying solely on the u.s. government for its sales. health care stocks may not be as impacted as the other sectors, but that is a whole other can of worms and another story we're goi
in the summer of 2011 when congress fought over raising the debt ceiling cutting the u.s.'s aaa debt rating, it took five months to recover. recently when lawmakers flirted with the fiscal cliff last december the dow fell more than 400 points or 3.1% between december 18th and 28th of the last year. after congress averted the cliff with the deal on new year's day, the dow soared. there are several sectors that could feel the impact of a lengthy government shutdown. a recent goldman sacks report...
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Oct 9, 2013
10/13
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ALJAZAM
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ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to ensure delivery of 1 november checks to more than 5.18 million beneficiaries, and that accounts for about $6.25 billion in payments that people are expecting. >> the shutdown has already furloughed hundreds of thousands of federal workers, including members of the cia. the cia is now calling them back to work. they still, though, won't get paid until the budget impasse is over. mike viqueira is live in washington. and mike a very big day for the president. he is expected to nominate janet yellen to be the next head of the federal reserve. is the timing a bit of a surprise? >> yes and no. as the shutdown and impe
ceiling if they can get some spending cuts, if they can get some bigger grand bargain issues. neither mentioned obamacare and that's getting blowback from conservatives, but the mean stream part of the party seems to be moving forward. >> thank you very much. >>> now america's vets could get hard hit by the shutdown. the secretary of veterans affairs explaining what is at steak this morning. >> if the shutdown does not end in the coming vehicles, va will not be able to...
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Jan 22, 2013
01/13
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KTVU
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>> reporter: they want to increase the debt ceiling without simultaneous budget cuts but they have a not so hidden agenda so the u.s. could focus the pressure on the senate to pass the first budget in nearly four years. this would take the debt ceiling issue off the table for now but other debates are coming in the weeks ahead. with the fiscal cliff, they have decided to put it off for months and also the current budget expires at the end of march without a spending plan in place, a partial government shut down is possible. house members are scheduled to vote tomorrow and democrats in the senate are on board with it. they are talking about it regarding the debt ceiling when i see you next, kyla campbell, ktvu channel 2 morning news. >> on our website as well, www.ktvu.com. >> i'll take that, including beyonce, she sang the national an them. >>> they are hoping to be led to the suspect involved in the robbery. three people were able to escape from the store after the shooting from the bullet proof glass. >>> they are deciding whether to approve a consulting contract for bradden. they
>> reporter: they want to increase the debt ceiling without simultaneous budget cuts but they have a not so hidden agenda so the u.s. could focus the pressure on the senate to pass the first budget in nearly four years. this would take the debt ceiling issue off the table for now but other debates are coming in the weeks ahead. with the fiscal cliff, they have decided to put it off for months and also the current budget expires at the end of march without a spending plan in place, a...
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Jan 2, 2013
01/13
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if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this brings closer the day when the federal reserve raises rates. it brings higher treasury yields. it shift the balance between fiscal and monetary policy. right now, it doesn't do that at all because the fed is not going to change course one iota just because of this. >> can the market still be driven by yield rather than anything les? >> raisk on, risk off, the need of investors to put money to work as opposed to relative economic performance. and until the economic performance has an impacted on capital flows, on interest rate expectations, it's not going to matter. and good u.s. data is bad for the dollar. per
if we don't get a complete train wreck on the debt ceiling and on the spending cuts, i think you can add half a percent to whatever growth forecast you had in your pocket for 2013. so something between 2% and 2.5% instead of below 2%. with a growth rate that in the second half of the year could be above 3%, which, you know, that's millions of miles away from what we're doing here. >> what does it mean for the dollar? >> in the long run, i think it's positive. the long run, this...
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200
Jan 23, 2013
01/13
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CNBC
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president obama agreed to dollar for dollar spending cuts for every dollar the debt cell was raised. it's 22 times we have used the debt ceiling to reinact really substantial reforms. we need those reforms more than ever. the,000 is taking the first step. i hope the senate will do its work and i will push to off-set some of this. >> you don't have a problem with using the debt ceiling as a means to negotiate this. >> i don't. this president won't agree voluntarily to cut a dime of spending and thinks we need more spending, not less. the only time we were able to get him to agree with spending reductions was the last time we were arguing over the debt limit. it's not optimal, not my first choice. i think we have to use whatever tools are available to us. we are on an unsustainable path. the overspending is costing us economic growth and costing us jobs. >> do republicans need a new pr firm or something? if you ask any on the street, why don't we have a budget and what's the problem in washington? nobody says harry reid. do people know that has the way he's running the senate right now
president obama agreed to dollar for dollar spending cuts for every dollar the debt cell was raised. it's 22 times we have used the debt ceiling to reinact really substantial reforms. we need those reforms more than ever. the,000 is taking the first step. i hope the senate will do its work and i will push to off-set some of this. >> you don't have a problem with using the debt ceiling as a means to negotiate this. >> i don't. this president won't agree voluntarily to cut a dime of...
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Sep 25, 2013
09/13
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FOXNEWSW
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. >> yes, that is a bigger deal because the debt ceiling cuts to the core about whether we can operate the government itself. if you don't extend the debt ceiling, the argument is that you can't keep the government functioning. he thinks that will happen on or around october 17. be it republican or democrat administration, they have always cry panic and attacked this. it is the data that we sort of run out. we run out of the dough. they can play chess pieces, saying just like you and i would do, pay the mortgage first, maybe slide on the utilities bill or juggle for a wild. you can do that in our government and the way we operate for months. but it's clear that we are kind of running out of wiggle room here. that's the one to watch. whatever date you want to buy, that is when that kind of, you know, is the main concern. what i am hearing is that that is the one where they may have a better shot at delaying obamacare with health care law for another year if they raise the debt ceiling. the president says if you raiset necessarily increase the debt. but just ask visa or mastercard, they
. >> yes, that is a bigger deal because the debt ceiling cuts to the core about whether we can operate the government itself. if you don't extend the debt ceiling, the argument is that you can't keep the government functioning. he thinks that will happen on or around october 17. be it republican or democrat administration, they have always cry panic and attacked this. it is the data that we sort of run out. we run out of the dough. they can play chess pieces, saying just like you and i...
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113
Jan 28, 2013
01/13
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FOXNEWS
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look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id long-timal mentality. what we like to think of unfortunately is that politics in washington is a little bit now like professional wrestling okay. there is this demonstration going on but it is kind of scripted and it doesn't really get to the full truth of what is going on. >> sean: there are two other issues we haven't dealt with yet. one is the media. they are not doing specials on this. number two, american people you know what, i don't know if they are either aware or they don't care. you want to weigh in here but the bottom line is they voted in obama. i got chris matthews all mad, he didn't get a tingle up hi
look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id...
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72
Jan 22, 2013
01/13
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KPIX
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eye 72
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republicans are offering a compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is expected to approve the debt limit increase tomorrow. >>> the super bowl will be in new orleans, but police are getting ready for potential problems in san francisco. they arrested a dozen people in the mission district sunday as fans celebrated the 49'ers win in atlanta. most of them were for public intoxication. there were arrests for dui, assault and an outstanding warrant, no reports of vandalism. >>> not to get ahead, but why not? it's worth noting more than a dozen cities had multiple sports championships in a single year. but since super bowl era, only four. baltimore did it in 1970. pittsburgh in 1979. new
republicans are offering a compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is...
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150
Jan 12, 2013
01/13
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MSNBCW
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for every dollar for the debt ceiling? >> well, there will be rules and demands but i think the discussion about the trillion dollar coin shows how cheesy things can get. we have a situation where we have this discussion, kind of discussion and you it's a kind of thing that really makes you wonder about the dignity of the united states government. >> is the president there, bob? is that hail to the chief? >> guess who didn't turn off his phone. >> and now we know your ring tone. robert, last question to you. the debt ceiling. >> it's a great question. i think republicans are manning the barricades, they are going to the demand spending cuts. we know that the president said that he will not negotiate with house republicans as this debt ceiling approaches. remember, represents are under political pressure, especially the speaker of the house. because republicans are frustrated about how the fiscal cliff went, to now they are looking at the debt ceiling. >> we will watch and see, i love that we got to find out that bob franke
for every dollar for the debt ceiling? >> well, there will be rules and demands but i think the discussion about the trillion dollar coin shows how cheesy things can get. we have a situation where we have this discussion, kind of discussion and you it's a kind of thing that really makes you wonder about the dignity of the united states government. >> is the president there, bob? is that hail to the chief? >> guess who didn't turn off his phone. >> and now we know your...
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49
Sep 30, 2013
09/13
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MSNBC
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eye 49
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remember we raised the debt ceiling in january. republicans in december were talking a game about more concessions, budget cuts. ultimately the january debt ceiling increase was essentially a clean increase. the only thing republicans got was that senate democrats had to pass a totally symbolic budget, which is really not much of a concession at all. i think house republicans are able to see reason on this stuff as they did in january. the question is how much government shutdown it will take. >> shng has changed since then. >> what's that? >> ted cruz. >> 2016 that changed it. >> you can see this again with the anonymous house staffer. they understand how ted cruz has changed the national dynamic for primaries. >> and hurt the party in terms of the image of the party being rational and sane. the other thing ted cruz doesn't answer to those people you're talking about. i want to go back to luke. is josh cret there are republicans that see reason, like josh said, a week or two of shutdown, which, by the way, real people will be hurt
remember we raised the debt ceiling in january. republicans in december were talking a game about more concessions, budget cuts. ultimately the january debt ceiling increase was essentially a clean increase. the only thing republicans got was that senate democrats had to pass a totally symbolic budget, which is really not much of a concession at all. i think house republicans are able to see reason on this stuff as they did in january. the question is how much government shutdown it will take....
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Aug 27, 2013
08/13
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FOXNEWSW
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ceiling and cut a deal that there would be spending cuts by a super committee at the end of november because they hadn't done their job. they hasn't done a budget. >> and the super committee didn't do its job and then from december or january, february, nobody bothered to do anything. waited for the sequester cuts to go into effect. now they're all blaming sequester but they're the reason for the sequester in the beginning. >> you're absolutely right and if you look at what happened with federal government spending, it's a minuscule deduction or lessening of federal government spending from about 3.45 trillion to 3.44 trillion. so it's not a lot that we have seen. and really when you understand the baseline budget system that they use over here on capitol hill, you're talking about a cut often of -- >> of an increase. it's not a real cut. the washington cut. >> absolutely. so, you know, many people say we need to go to a zero base budget. you know, i think that, you know, we need to start looking at why can't we go back to a spending level, i don't know, 2006, 2007 so that we can sta
ceiling and cut a deal that there would be spending cuts by a super committee at the end of november because they hadn't done their job. they hasn't done a budget. >> and the super committee didn't do its job and then from december or january, february, nobody bothered to do anything. waited for the sequester cuts to go into effect. now they're all blaming sequester but they're the reason for the sequester in the beginning. >> you're absolutely right and if you look at what happened...
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Jan 18, 2013
01/13
by
WRC
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ceiling for three months, but also cut congressional paychecks if mr. obama and the democrats don't agreed to deep spending cuts by april. steve handelsman says the gop has just grabbed the headlines two days before the inauguration. >> reporter: washington is almost ready. massive security, barriers going into place, bleachers along pennsylvania avenue for monday's inaugural parade. and the president atviewing stand, bulletproof and fancy, rebuilt every four years but since a huge crowd full of hope saw the first swearing-in, america has lowered its expectations. only 35% in the nbcs in/"wall street journal" poll says the country is headed in the right direction. as president obama's news portrayed is released, his approval stands at 52%. his likability at 61%, but only 29% say he is working effectively with congress. and today there's more conflict. responding to the president's declaration that he won't negotiate over the debt ceiling, republicans backed down. they raised the borrows limit but just for three months. if democrats don't great to a budg
ceiling for three months, but also cut congressional paychecks if mr. obama and the democrats don't agreed to deep spending cuts by april. steve handelsman says the gop has just grabbed the headlines two days before the inauguration. >> reporter: washington is almost ready. massive security, barriers going into place, bleachers along pennsylvania avenue for monday's inaugural parade. and the president atviewing stand, bulletproof and fancy, rebuilt every four years but since a huge crowd...